I’m voting for Barack Obama because your plans for the economic, social, and environmental well being are extremely subpar. Despite having two of the best economic advisors that money can buy your economic plan moves to repeal the modest regulations imposed on the financial services sector, the same sector largely responsible for the current economic downturn. You have actively expressed a desire to greatly diminish the strength of labor unions, and vaguely cite studies which have been proven to be false. Unions allow laborers to negotiate a larger share of the economic surplus, the stagnation of wages largely follows the decline of unions. Your understanding of trade with China is perverse at best (again I must ask are you even talking to your economic advisors? There’s no way they would be telling you that the solution to the trade imbalance with China would be to quit trading with them). The claim that trade with China only benefits them is completely false, trade with China has allowed the standard of living in the United States to rise due to the Chinese comparative advantage in a variety of fields of production. More so, if you’re concerned about making America competitive with the Chinese again you should be concerned about making government investments that create an efficient supply chain on par with the Chinese (or the Germans for that matter). Your tax cuts are targeted towards the wealthy (and have a very ahistorical view of marginal tax rates) you want to eliminate the estate tax which would greatly increase economic inequality by granting the children of the wealthy an even larger advantage in opportunity from birth (but then again you are a child of privilege). Additionally you want to cut the corporate tax rate to 25% without also closing the tax loopholes which make our effective corporate tax rate the lowest in the world. You want to make draconian cuts to the budget that will have minimal effect on the deficit but very large impacts on economic recovery. The spending that has “gotten out of control” is military spending and the growth in healthcare costs but you would leave those untouched and even increase military spending.
You want to increase the retirement age for social security due to “increases in longevity”, which is fine for a guy like you who doesn’t do any hard labor, but there are plenty of Americans who still work in hard labor, who work all their lives in retail or food service, and you’re going to tell them, “I’m sorry but you’re going to have to work your shitty job a few more years so me and my friends can pay less in taxes.”
You strongly desire to eliminate environmental regulations that place “undue cost” on businesses but ignore that these businesses are putting undue costs on the environment and society at large. From your own website, and I quote:
An agency may be able to conceive of ten different regulations, each imposing costs of $10 billion while producing at least as much in social benefit. Moving forward might sound like a great idea to the typical regulator. But imposing those regulations, no matter what the social benefits, has a similar effect to raising taxes by $100 billion. Regulatory costs need to be treated like the very real costs they are.
The point of government is to identify areas where the benefits outweigh the costs. If the social and environmental benefits of a regulation exceed the costs of implementation then it is a good regulation. For some reason however you do not consider social and environmental costs to be real costs. Again which is odd considering that Greg Mankiw (your economic advisor) favors using Pigouvian tax structure to disuade businesses from making harmful social and ecological decisions. You also want to continue extracting natural resources as if there is an unlimited supply. Your policies will not lower energy costs, your policies are not a real solution to the problem.
You have expressed interest in increasing the size of the military, yet much of the current deficit woes come largely from two completely unfunded wars. In the words of Dwight D. Eisenhower:
Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed.
This world in arms in not spending money alone.
It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children.
The cost of one modern heavy bomber is this: a modern brick school in more than 30 cities.
It is two electric power plants, each serving a town of 60,000 population.
It is two fine, fully equipped hospitals.
It is some 50 miles of concrete highway.
We pay for a single fighter with a half million bushels of wheat.
We pay for a single destroyer with new homes that could have housed more than 8,000 people.
This, I repeat, is the best way of life to be found on the road the world has been taking.
This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron.
These and many other reasons why no young person should ever entertain the thought of voting for you. Oddly enough you’re the best option out of the circus you’re running against but you’re still an abysmal choice.